Our Business in Myanmar

A Unique Opportunity in "Asia's Last Frontier"

 

In the years between 2011 and 2020, Myanmar has been one of the fastest growing economies in the world. Myanmar's key strategic advantages are its young population and workforce, a relatively low labour cost base, vast natural resources and its location in one of the most dynamic regions in the world, being part of South East Asia, and situated between China and India. Despite the current situation, we believe in Myanmar’s future.
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We have entered into a Joint Venture with JFE Steel Corporation (JFE Steel), JFE Shoji Trade Corporation (JFE Shoji), Marubeni-Itochu Steel Inc. (MISI), and Hanwa Co., Ltd. (HANWA) for our Myanmar business. The joint venture is producing and selling quality coated and colored flat steel products for the building and construction sector in Myanmar. After the groundbreaking of the plant in March 2018, production on our paint line started in February 2020, see
more details.

The plant will also operate a dual pot coating line. With its onsite waste-water treatment plant and reverse thermal oxidizer, the plant can achieve sustainable production of 180,000 tons of high quality coated steel products for roofing and walling. Total investment in the Myanmar business is around 100 million US dollars.

Our plant is located in the Thilawa SEZ zone B. The Thilawa SEZ is a joint venture between the Myanmar government and Japan, and is one of the most prominent industrial zones in Myanmar. We believe that the Thilawa SEZ is the ideal place for our plant, offering the required infrastructure and at the same time putting us in proximity of our customers (for more about Thilawa Special Economic Zone, refer to 
http://mjtd.com.mm/).

For more details on our Myanmar business, please see www.jfemeranti.com.